Competition Process Overview

The GW New Venture Competition is in its tenth year. Teams are encouraged to take advantage of the training and support services available, including office hours, workshops, mentors and networking events. Contact us with any questions.

Tracks:

Participants in the 2018 GW New Venture Competition will compete in one of three tracks: New Ventures, Technology Ventures and Social Ventures. 

  • New Ventures are standard commercial ventures, and most submissions will compete in this track. 
  • Technology Ventures are those that have a new, proprietary technology, discovery or invention at its core.  Technology Ventures will have some sort of intellectual property and generally have evidence of the feasibility of that core technology. 
  • Social Ventures generally have a transformative solution to a pressing need or social problem, and this social mission takes priority over its financial mission.

The competition is conducted in four rounds:

Round 1 submission requires a Form Fill Description of the Venture, A concise (50-words or less) Description and a Video Presentation by 12:00 noon on January 31, 2018. Typically there are over 100 Round 1 submissions. 

Round 1 Judges  will select 100 submissions for the second round, and these quarterfinalists will be announced on February 3, 2018.

Round 2 submissions are due on February 28, 2018. To compete in this phase, each team must submit three required items: a 5-page Feasibility Analysis, a Business Model Canvas, a Concise (20 words or fewer) Description and an updated Video.

Judges will receive ~8 submissions to evaluate on March 1, 2018. Submissions are scored online, using the YouNoodle system, and all scoring by the judges must be completed by March 4, 2018. Each Round 2 submission requires 10 - 15 minutes to evaluate so R2 Judging requires about 2 hours over the 4-day period. For all of the Round 2 participants, the judges' written feedback is tremendously valuable.

Round 2 Selection is done on March 5, 2018. We expect to select 36 Round 2 winners. Round 2 winners (semifinalists) are announced on March 6, 2018.

All semifinal teams are assigned a mentor.

Round 3 semifinalists compete in a pitch competition against the others in their Track on April 2 (Technology Ventures), April 3 (New Ventures) and April 4 (Social Ventures). The three winners in each track are announced on April 5, 2018. 

Finalists who move onto Round 4 presentations will present on April 19, 2018 to judges starting at 9:30am and to the public starting at 7:00pm at the Jack Morton Auditorium in the School of Media and Public Affairs.